Countryside Power Income Fund

Countryside Power Income Fund

October 20, 2005 11:34 ET

Countryside Power Income Fund Announces Cash Distributions for the Fourth Quarter of 2005

LONDON, ONTARIO--(CCNMatthews - Oct. 20, 2005) -


Increased Monthly Distribution Rate Begins in October

Countryside Power Income Fund (TSX:COU.UN) (the "Fund") today announced its monthly cash distributions for the fourth quarter of 2005 as follows:

Month Distribution Date Record Date Amount
October November 30, 2005 October 31, 2005 $0.0863
November December 30, 2005 November 30, 2005 $0.0863
December January 31, 2005 December 30, 2005 $0.0863

Countryside recently announced an increase in its distributions by $0.0009 per month or $0.01 per unit annually. The monthly increase will take effect commencing with the October 2005 cash distribution. The Fund's policy is for unitholders of record on the last business day of a calendar month to receive distributions on or about the 30th day of the following month. Holders of units who are non-residents of Canada will be required to pay all applicable withholding taxes payable in respect of any distributions by the Fund.

Countryside Power Income Fund has investments in two district energy systems in Canada, with a combined thermal and electric generation capacity of approximately 122 megawatts, and two gas-fired cogeneration plants in California with a combined power generation capacity of 95 megawatts. In addition, the Fund has an indirect investment in 22 renewable power and energy projects located in the United States, which currently have approximately 51 megawatts of electric generation capacity and sold approximately 750,000 MMBtus of boiler fuel in 2004. The Fund's investment in the projects consists of loans to, and a convertible royalty interest in, U.S. Energy Biogas Corp.

Further information can be found in disclosure documents filed by the Fund to Canadian securities regulatory authorities, available at

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